bullish to 2.85After a proper correction to the 50 Fibo, the price can move towards 2.85 with a fractal breakout.
BURU trade ideas
bullish 4 hour chart - retrace to $2.86 SP breaking downward trend and above VWMA. TP = $2.86 retrace to $2.04 before big retrace to $6.0 (sp 15.65 fib 6.18).
Nuburu Just entered the Asian market deal with Japanese Lazer Co. 100 million valuation on their patent portfolio.
Less than 20 million float. Acquired bridge loan so they are financed.
Check this company out. Overlooked and way oversold. Based on portfolio and float this is a $5 stock. Shorted down to .17 is simply baffling.
BURU - Technical Bottom PlayNuburu Inc is a leading innovator in high-power, high-brightness blue laser technology that is focused on bringing breakthrough improvements to multiple markets, including e-mobility, healthcare, and consumer electronics via a broad range of high-value applications that include welding and 3D printing. It is currently shipping blue laser systems for applications such as EV batteries, large screen displays, and cell phone components.
Disclaimer: The information provided here is for informational purposes only and is not intended as financial advice.
Investment Overview (As of 03/05/2024):
Shares in Float: 19.51 million
Relative Volume: 1.33
Technical Analysis:
Observation: This investment is predominantly a technical play, showing a consistent uptrend and a gradual increase in trading volume.
Critical Resistance Levels:
The price must break $0.25 for further upward movement.
Key resistance levels to watch are $0.37, $0.44, $0.52, $0.78, and $1.00. Breaching these levels may signal further upward momentum.
Trading Strategy:
Take Profit (TP): Aim to take profits at around $1.30 to optimize returns.
Stop Loss (SL): Place a stop loss just below $0.17 to limit potential losses.
Chart Analysis:
For a detailed visual analysis, including trend lines and price movements, refer to the accompanying chart.
Trading Caution:
Choose a strategy that aligns with your understanding of the market and personal risk tolerance.
Conduct thorough research or consult a financial advisor before making trading decisions.
